Q3 2025

Daft.ie House Price Report

Overview 3

Commentary 6

National Findings 7

Dublin 16

List price inflation has eased slightly, from 7.5% to 5.9%, since the first

quarter – matched by transaction price trends

National housing prices indices

(mix-adjusted, 2016=100)

● The Daft.ie National List Price Index was 5.9% higher in

● In Q3, the national average price of a three-bed

The availability of homes for sale was largely unchanged, year-on-year,

with gains in Dublin offsetting falls elsewhere

by month

● On September 1st, there were a total of 11,925

second-hand homes for sale nationwide, up

marginally (1%) on the same date a year previously

○ Nonetheless, availability is less than half the

2015-2019 average

Dublin offset falls elsewhere

Connacht–Ulster also recorded an increase (+3%)

● The number of second-hand homes listed for sale in

the year to August was up marginally year-on-year but

still just one quarter below the 2015-2019 average

‘Market heat’ – the gap between initial listed price and transaction price

– reached a new high in Q3, at 7%

Typical gap between initial listed price and

ultimate transaction price

● The typical property sold in 2025 Q3 went for 7%

● This reflects falling activity in the second-hand market –

During the mid-2010s, Dublin’s housing market led the charge, with the largest

fastest in Connacht-Ulster – in the year to September - the 13th time in 20

quarters it saw the fastest annual growth of the five regions

New homes, especially in Dublin, are keeping up activity levels, as the

second-hand market falters. By all measures – stock, flow and transaction volume

– supply remains tight. Higher interest rates have had a knock-on effect on the

second-hand market, making the new-homes segment more important. Indeed,

the stable level of transactions in the year to June (vs one year earlier) is down to

the number of new homes sold in Dublin.

Demand shift away from Dublin continues – even as new home activity

in the capital is keeping up activity levels

Annual change in volume of transactions,

by segment, year to June 2025

List prices rose by 5.9% in the year to September 2025

● In the third quarter, the national average

● Prices are now 39% above their

National Index of listed housing prices, (Mix-adjusted,

2016 =100)

The total number of homes for sale on September 1st was below 12,000

– largely unchanged on a year ago

2015-2019 average

● The number of second-hand homes

listed in the 12 months to August was

just under 52,000, up 1% year-on-year

but still about 25% below the 2015-2019

average

Stock of homes for sale and inflow/outflow,

by month

List prices in Dublin rose by 4.5%, on average, in the year to

September 2025

● The average price of a three-bed

● Prices in Dublin are now 27% above

There were almost 3,400 homes for sale in Dublin on September 1st –

up 8% on a year ago

● Nonetheless, availability is still 15%

below the 2015-2019 average, although

the gap is smaller than elsewhere

● The volume of second-hand homes listed

in Dublin in the year to August was

almost 18,000, up 8% year-on-year and

17% above the 2015-2019 average

Snapshot of average listed price, by region and segment

Average listed prices are in 000s, percentage changes are year-on-year

Early figures suggest Dublin transaction prices rose by 6.7% between

2024 Q3 and 2025 Q3

higher than the same period last year

● In 2025 Q3, the average transaction price

of a three-bed semi-d home in Dublin

was €655,843

● Dublin transaction prices are now 39%

above their pre-covid levels – and 71%

higher than a decade ago

The volume of transactions in Dublin was 4% higher in 2025 Q2 than a

year previously – driven by new homes

● The volume of second-hand homes

traded was 4% lower than a year

previously – following two quarters of

modest gains in activity

● However, transactions of new homes

soared by 48%, year-on-year – the third

consecutive quarter of substantial

increases in activity

List prices in the four other major cities rose by an average of 5.8% in

the year to September 2025

● Sales prices across Cork, Limerick,

● Prices in the four cities are now 39%

There were almost 900 homes for sale in the four cities on September

1st – down 9% on a year ago

● On September 1st, there were a total of

sale falling now for more than two years

● The number of second-hand homes

listed over the last year was just over

4,500, down 3% annually and 13% below

the 2015-2019 average

Stock of homes for sale and inflow/outflow,

Snapshot of average listed price, by market and segment

Average listed prices are in 000s, percentage changes are year-on-year

Snapshot of average listed price, by market and segment

Average listed prices are in 000s, percentage changes are year-on-year

Daft.ie House Price Report Q3 2025

Early figures suggest transaction prices in Leinster rose by 8.7%

between 2024 Q3 and 2025 Q3

Index of transacted housing prices,

● According to transactions in the Property

was €359,327

● Leinster transaction prices are now 55%

above their pre-covid levels – and 98%

higher than a decade ago

Volume of housing market transactions in

● There were a total of 4,176 market

● The volume of second-hand homes

falling activity

● However, transactions of new homes

fell by 6.4% year-on-year – the fourth

quarter in six with falling new homes

activity

The volume of transactions in Leinster was 1.3% lower in 2025 Q2 than a

year ago – with a fall in new homes sold

List prices in Munster (outside the cities) rose by an average of 5% in the

year to September 2025

● Sales prices in Munster (outside the

● The average price of a three-bed

● Prices in the province are now 49%

Index of listed housing prices, Munster

There were fewer than 2,500 homes for sale in Munster on September

1st – largely unchanged on a year ago

● On September 1st, there were a total of

● Availability is now only one third (35%)

● The total number of second-hand homes

put up for sale in Munster in the year to

August was 8,500, up 2% year-on-year

but one quarter below the 2015-2019

average

Stock of homes for sale and inflow/outflow,

Snapshot of average listed price, by market and segment

Average listed prices are in 000s, percentage changes are year-on-year

Early figures suggest transaction prices in Munster rose by 7.9%

between 2024 Q3 and 2025 Q3

Index of transacted housing prices,

● According to transactions matched to the

Munster was €303,488

● Transaction prices in Munster are now

64% above their pre-covid levels – and

123% higher than a decade ago

Volume of housing market transactions in

● There were a total of 2,783 market

falling activity

● However, transactions of new homes

continue to rise, up 14% year-on-year –

with activity in Q2 over twice the level

seen in 2021

Transactions in Munster were largely stable in 2025 Q2 – with new

homes offsetting falling second-hand activity

This is the Daft.ie House Price Report, the partner to the Daft.ie Rental Report, which will

be issued next month. Together, they give house-hunters and investors more information

to help them make their decisions. These twin reports mean that Daft.ie is the only

objective monitor of trends in both rental and sales markets on a quarterly basis, making

the report an essential barometer for anyone with an interest in the Irish property market.

The Daft Report was first launched in 2005. It has since then become the definitive

barometer of the Irish rental market and is being used by the Central Bank, mortgage

institutions, financial analysts and the general public alike. The Daft.ie House Price report is

Ireland’s longest-running house price report, combining information from the Daft.ie

archives with data from Ireland’s Residential Property Price Register.

Celebrating 20 Years of the Daft.ie Property Reports